(Steps Shown) Rising jet fuel prices recently led most major U.S. airlines to raise fares by approximately 15 percent. Explain how this substantial increase
Question: Rising jet fuel prices recently led most major U.S. airlines to raise fares by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:
- The demand for air travel.
- The demand for hotels.
- The demand for rental cars.
- The supply of overnight mail.
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Deliverable: Word Document 